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hyper-inflation (4)

Rajjpuut's Folly: Your Survival During Dollar Disintegration is NOT Obama's Concern

Posted by Bob VanDeHey on February 6, 2011 at 2:00pm

 

 
 
Saving Your Butt as Monetary System Collapses
        
       
 
 
 

            Hopefully, the politicians will regain their senses in the next couple or three months and the survival information in this little blog will never have to be used . . . call the odds on that happening 200/1 since the tax and spend Democrats still control the senate and Barack Obama still wields the veto pen in the Oval Office. The last time an American President showed courage and wisdom in the face of a severe monetary crisis was 1921 (Harding slashed government spending 48%; taxes 49%; and paid down the National Debt 30% in turning the depression left him by Woodrow Wilson into the "Invisible Depression" within fifteen months).  Unfortunately,Barack Obama won't join with the Republicans to save your butt; indeed he's still suggesting mad policies (in the State of the Union speech) that guarantee the grand-daddy of all fiscal meltdowns.  Either kiss your butt goodbye, or take matters into your own hands because your survival in the coming meltdown depends upon you.

Rajjpuut began advising readers in early 2004 of the dangers represented by the sub-prime lending crisis to our economy and to their wealth. You know how that turned out . . . . Since roughly April, 2009, he’s been warning of a complete fiscal meltdown in America associated with the U.S. Dollar’s collapse (when the greenback is no longer accepted as the World’s Reserve Currency) and hyper-inflation attacks our way of life . . . since Fed Chairman Ben Bernanke has been busy at the money printing presses and electronically creating dollars as well, the 2011 dollar is technically worth 3.4 pennies of a late 2008 greenback.  Our National Debt stands at 95% of our GDP even though Ben Bernanke put the figure at 64% in a National Press Club speech three days ago (he did not include the $4.6 TRillion we've stolen from Social Security and Medicare "lockboxes" which moves the debt from $9.5 TRillion to $14.1 TRillion).  Our UNfunded liabilities stand at $113 TRillion.  We will soon be able to tax every citizen 100% on their earnings and not be able to fund the profligate Obama budget.  The nations of the world individually and the leaders of the world's monetary foundations are in agreement the American Dollar as the world's reserve currency is no longer acceptable; the system stands on the verge of disintegration and you are innocently sitting on the couch watching "reality TV" and playing video games?

To fight against this growing present threat, even more than gold, Rajjpuut has been advising readers to consider buying so-called “junk silver.” Junk silver needs a new name because purchase of a $100-face value bag of American silver coins (pre-1965 dimes, quarters, half-dollars with 90% silver content) now costs -- depending on the price of silver on a given day -- between $1,850 and $1,950 dollars. Few people realize that as an investment, silver has outperformed gold in the 21st Century. Yes, yes, gold has risen roughly 300% (quadrupled in value since the original 100% is added in) but silver has risen 521% over the same period or gone up to 621% of its original value.

One other little thing: people don’t realize is that silver is now more rare than gold. While virtually every ounce of gold that’s ever been mined is still with us today; approximately 96% of all the silver that’s ever been mined is believed lost forever. Silver has a huge present day demand and  has long dominated the industrial markets: it’s still used in photography; and is the preferred metal for electronics, pollution control, tableware and utensils; chemical catalysis; medical use; and in some countries it’s still used in coins . . . but let’s get back to the junk silver we were talking about, when silver reaches $33 per ounce, each silver dime will be worth $2.00. If hyper- inflation hits silver will be in far greater demand than that, for the price of a single silver dime, it’s likely that you’ll be able to buy enough to feed a person three-squares as merchants desperate to trade their wares for something of intrinsic/real value look to silver as their own best investment. These same merchants might NOT accept $4,000 paper dollars for the same food under the same circumstances.

Does that sound far-fetched?   At the end of the Weimar Republic’s savage hyper-inflation, German citizens in late 1923 insisted upon being paid three times daily and having splurge-breaks to run off and buy anything just so their money wouldn’t lose all its value before they could spend it. Eric Maria Remarque, famous author of All Quiet on the Western Front, displayed these facts quite graphically in his stark novel The Black Obelisk as 26 TRillion Deutsch Marks traded for one American dollar. Rajjpuut’s stamp collection contains Weimar Republic German stamps with printed prices cancelled out and new prices overprinted . . . in short, hyper-inflation is a mess you’d prefer not to deal with, but one it’s best to prepare for . . . .

However, while silver coins are a great idea, there is one truly great investment that trumps virtually everything else imaginable: farmland. Yes, real hold-in-your-hand coins are absolutely necessary, but the best investment of all over the last 40 years has been American farmland which easily outpaced bonds; stocks; gold and even silver. Farmland was about twelve times more lucrative than the Standard and Poors stock index; and more than four times better than gold during those 40 years. 

While the land appreciates in value, it can also be rented out or farmed by you in case of the utter end of civilization, and NO, farmland did not fall in price during even one quarter during our recent meltdown. Investments in the stock market in 1970 (adjusted for inflation) returned only 16% and the stock market can’t save your family in a serious crisis. Just as physical silver is a great idea, owning a farmable plot of land has its great attractions as well. If that’s impossible, you can invest in private Argentine farmland for about $7 an acre; the well-respected Stansberry Report even suggests buying Argentine farm property management via NASDAQ whenever such stocks sell for below book value. To get the full (it's a long presentation) picture, visit:

http://www.stansberryresearch.com/pro/1011PSISBBVD/EPSIM218/PRo=267094&s=269843&u=49822167&l=215636&r=Milo

 

Ya’all live long, strong and ornery,

Rajjpuut

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Rajjpuut's Folly: Prepare! America's Dollar-Collapse Shifts into High Gear

Posted by Bob VanDeHey on December 28, 2010 at 2:22pm



 

 
              “The world as we know it, will in a sudden flash, disappear . . . .”
 
Warning, Unmitigated Catastrophe Waits Ahead,
Capitalism Crippled and Undermined
 
            Merry Christmas and a Happy New Year:   the very best to you and your families!
A crisis is upon us. That is, there are potential problems, even dangers you must choose to either avoid or face and there are potential opportunities which you must either exploit or allow to slip away. If you do nothing, alas, you will definitely face the dangers and miss the opportunities. “What is the nature of the crisis?” you ask. In a phrase:  American civilization is at severe risk as the collapse of our long-time friend and trusted storehouse of value, the American Dollar, is upon us. I’ll begin with a quick word on A. how it happened . . . then provide B. proof a crisis exists . . . C. Give a quick rundown on the likely scenario as the realized problem begins to play out in everyday lives of the common folk . . .  and finally D. some sage advice about protecting yourself and your family.
 
A.     How did it happen?  Up until the 2010 elections we have been dominated for 82 years by a political philosophy known as Progressivism (“We must ‘progress’ beyond the ‘outdated and ill-conceived’ U.S. Constitution if we hope to ‘progress’ toward our earthly (socialist) Utopia.”) The most “progressive” of politicians of the United States for some 65 years now at a minimum have undermined capitalism and the Constitution and destroyed the American Meritocracy that made this nation the hope of the world for over 200 years. They have also considered themselves the only truly important special interest group and have used the resources of the country to ensure their repeated re-election. This ploy has worked because the people have lazily and ignorantly (not aware; not caring to educated themselves about political activities) allowed the politicians uninterrupted benefit from promising us the various free lunches we’ve so craved.  In those 65 years the nation has amassed not only a $14 TRillion debt but more importantly $112 TRillion in unfunded liabilities. One example will suffice: the so-called “Cash for Clunkers” program diverted new car sales forward roughly two and a half months on average but otherwise did NOT affect auto sales. The program was very expensive and the American taxpayer bore the huge burden. Meanwhile, like all government programs we were not advised of the “unintended but easily foreseeable consequences” of this government interference. So many decent and serviceable used cars disappeared just like that, that the price of the average used car following “Cash for Clunkers” rose $1,800 . . . and even now 17 months later, the average used car still costs $1,100 more than it should have been expected to cost. What is the end result? Society is not only poorer by 700,000 used vehicles deliberately destroyed . . . the poorer citizens now face greater expense in the future when purchasing used vehicles. Yet, in comparison to the typical government spending boondoggle, which on a scale of 1-10 probably rates a 1.75 or less, Cash for Clunkers was a roaring success . . . let us call it an 8.0;  for comparison, Obamacare will rate a deeply negative number . . . but enough of that, you’ve got the picture what 65 years of Government Spending Boondoggles amounts to . . . the combined more than $125 TRillion the country’s obligated for is roughly 2.8 times the GDP (gross domestic product) of the entire world . . . .
B.    As if the debt and unfunded liabilities statistics were not enough, in late 2008, the Federal Reserve Bank used the money-printing presses and began to print up 14 times the amount of paper dollars already in circulation making a combined total of 15 times the original amount circulating around the nation. Theoretically, therefore, the June, 2008 dollar was worth 15 times the value of the June, 2009 dollar since the amount of goods and services did not increase. By the law of supply and demand the 2009 dollar was theoretically worth 6 2/3 pennies worth of the 2008 dollar. Recently the Federal reserve has used another method of creating money out of thin air called “quantitative easing” twice in the last five months and will do so once again in February, 2011. The net result of all this new “money-magic” is that the 2011 dollar will be worth (theoretically) the same as 3 ½ cents worth of the 2008 dollar. In any other country on earth this would have meant immediate and crippling inflation . . . . the United States had one huge advantage that up till now allowed the nation to willy-nilly print as many new dollars any time the government wished: the United States has been the preferred world storehouse of value for 65 years (a.k.a. the “world’s reserve currency” was the American dollar) as nations all over the globe including our enemies trafficked in dollars the most consistently-trusted currency among all the 208 nations of the world. Before World War II the world’s reserve currency was the British Pound Sterling which had born that noble role for about two centuries. The Brits after the end of World War II tried to inflate their currency and spend their way out of debt . . . it didn’t work and hundreds of billions of pounds worldwide were sold in a heated rush as nations and individuals stampeded away from the pound to the dollar. This is why the United States didn’t resume the financial problems we’d known prior to World War II . . . we had become the owners of the most preferred money in the world and our economy was buoyed up then and has been wonderfully blessed ever since. Of course the truly in the know people, the wealthy, kept huge amounts of their wealth protected in gold, silver, and collectible like art and numismatic coins and rare stamps; and, of course, property . . . but that’s another story . . . in any case the bottom line today is that the stampede into the dollar that saved our bacon in 1945 and ’46 has reversed directions right now. Currently it’s an orderly retreat by nations like China, Russia, Japan, Turkey and Brazil . . . countries who don’t want to cause a panic by selling too many dollars at once since their reserve funds are so deeply, deeply dedicated to greenbacks . . . someday soon it’ll become a panic as everybody and their poor relations stampedes to trade dollars for anything of value. Nobody with any sense wants to stay in a currency which has multiplied its paper presence 28.5 times in less than 25 months. Yes, some of these foreigners will be badly hurt by the collapse of the dollar and its loss of “world reserve currency” status, but, that’s nothing compared to the problems facing Americans for whom the dollar is our personal friend and trusted storehouse of value. This should become noticeable within 18 months.
C.    Don’t expect things to be pretty . . . when Americans find that overnight their dollar’s buying capacity has been drastically diminished . . . they’re going to be shocked, frightened, angry and very bitter. If the dollar starts a headlong plunge toward its true value (3.5 pennies) absolute panic could very well ensue. The strikes in Greece, Italy, England and France we’ve seen and the coming demonstrations and panic in Spain, Ireland, Italy, Hungary and all the British Isles (the Euro is far preferable to the dollar, but nothing to cheer about) are infinitesmal compared to what we betrayed Americans will feel toward our government. The TEA (Taxed enough already) Party groundswell of protest against the government these last two years has been circumspect, logical and respectful.    When less patriotic people who’ve been buying the government’s promises for the last 65 years suddenly find they’ve been taken by a scam that makes Bernie Madoff look like an inept pickpocket . . . well, you get the idea Expect violence lots of it and a lot of incredible hardships especially for the poor, the elderly and just about everyone excepts crooks and conmen (“speculators” of all classes will be about the only ones enriched by the situation if preventive measures aren’t taken by the government to reverse the direction now in play; or more likely by smart individuals seeking to protect their wealth and families). America, indeed the world, as we know it, will in a sudden flash, disappear . . . .
D.   There are no guarantees, physical danger can be expected to ride along with economic ruin . . . prudence says that big cities will be flashpoints and hunger riots and ceasing of services like electricity and heat all carry enormous power to injure, deprive, and cause suffering.   Utter self-sufficiency (food stored; safe haven; silver or gold or a trusted foreign currency to use as money when stores won’t accept the dollar; weapons present and the will to use them if necessary) is almost impossible . . . but any steps in the right direction are preferable to apathy or worse (joining in the rioting).
 
One step Ol’ Rajjpuut would advise for anyone interested in avoiding problems would be the purchase of a $100 face-value bag of “junk-silver” right now costing roughly $2,350. It’s conceivable that in a severe monetary crisis, merchants may so crave some fundamental storehouse of value that a couple of pre-1964 dimes might provide a person with a day’s nutrition.
A second step would be for someone in your family to learn the art of safe canning; or for your family to accumulate five or six month’s worth of non-perishable groceries or perhaps even more such stores.
A third step would be to let those you know and love in on the probable truth about the upcoming dangers. The more people as a whole who are self-sufficient, the less danger we all face.
 
Here’s hoping we’re 100% wrong.
 
Ya’all live long, strong and ornery,
Rajjpuut
 
 
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Rajjpuut's Folly: Obama Puppetmaster Soros: ‘U.S. Main Obstacle to World Stability’

Posted by Bob VanDeHey on November 9, 2010 at 8:30pm

Is “Judgment Day” tomorrow? The foolishness of our Federal Reserve Chairman, Ben Bernanke and the excesses of five “too big to fail banks” now places the entire future of America at risk . . . .

George Soros Seeks America’s Ruin

to Advance His New World Order

In the narrative that follows, two important men (George Soros and Ben Bernanke) are discussed. In fairness to Soros, he appears to be an utter scumbag who has already, via his connections to the Clintons and ACORN, helped set up America’s recent financial meltdown and potentially the upcoming one as well. That’s as fair as Rajjpuut can be. In fairness to Bernanke, he probably sees his ongoing decision as avoiding “death by saber” in preference to death by a million paper cuts. Rajjpuut would remind him that no company and no bank is literally “too big to fail” and if he were strong enough to allow five big banks to fail, that’ll probably be the best thing for the American people and the nation they love . . . let us now return to scumbag George . . . .

Billionaire currency speculator George Soros (a self-claimed ‘philanthropist’ sometimes called ‘the man who broke the bank of England’) has been quoted thusly from time to time, “Sometimes I do feel more than a little bit like God . . . it is very important for the USA to find its proper place in the New World Order . . . as things stand, the main obstacle to world stability is the United States.”

When George Soros was a 13-year old boy in Budapest, Hungary, he was a capo, a Jew set up by the Nazis to help them control other Jews. His specific job was to deliver notifications at first to Jewish farmers and businessmen and lawyers and then later to just ordinary citizens saying, they were to report to the Nazis at such and such a place, at such and such a time (to be deported to a concentration camp). George, who calls himself an atheist these days, says he feels no guilt from his collaboration but just did what he had to do to survive.

Besides making a fortune on the collapse of the British pound-sterling in 1992, George is famous as well for bringing down currencies in Slovakia, Georgia (the former Soviet SSR) and Malaysia and reportedly a few other countries where his connections are a little bit “iffy” to prove. His modus Operandi has been by using radical personalities to form a “shadow government” within the nations he targets. In our case, that Shadow Government is the ultra-progressive left of the Democratic Party.

Thanks to conspiring with Bill Clinton, ACORN, Barack Obama, and progressive American politicians everywhere, Soros seems poised to win another huge currency bet and in the case of the United States, he hopes to collect twice . . . winning tens of billions of dollars when the dollar collapses and then the ruin of the United States would bring about a giant leap forward for Soros’ New World Order led in America’s absence from the top rungs by the Chinese government’s state-capitalist/communists. Hmmmm.

http://www.zerohedge.com/article/debt-bubble-chronicles-does-bernanke-really-think-qe-will-boost-home-prices%E2%80%A6-or-he-simply-tr

Soros’ unwitting (we think?) benefactor in all this is Federal Reserve Chairman Ben Bernanke. Ben’s policy of “Quantitative Easing” (monetizing the U.S. debt by having his Federal Reserve Bank buy up treasury issues) is designed to keep interests rates as low as they’ve been in a generation . . . or even take them lower. But, but, isn’t that (combined with Bernanke’s earlier multiplying of circulating currency in the country to 15 times the September, 2008, levels) a recipe for runaway inflation and perhaps even hyper-inflation? What’s going on? Interest rates are the lowest they’ve been in 30+ years supposedly controlled by Bernanke to maintain the housing market’s fluidity and spur business investments.

The two years this policy of near-zero interest rates have been in effect; plus the nation’s massive home-buyers’ tax credit . . . business has stayed very flat and at best, housing prices have almost stabilized. Is Bernanke even less competent economically than Obama? Or could he have an ulterior motive?

Looking at business we’re not seeing capital expenditure increases or increased hiring of employees . . . just ain’t happening. Instead businesses are buying back their own stock. Why? Because the mortgage industry and the business world are both on the same page . . . the page where it reads: “This is a phony recovery.”

Compared to the spring of 2008, revenues at S&P 500 companies are 12% lower today. Expansion would be foolish under those circumstances. Businesses don’t often buy back their own stock except when a) they think the share prices are too depressed or b) they’ve got nothing better to do with the money or c) both a) and b) above are true . . . but since corporate insiders are dumping their own personal shares like rats leaving sinking rowboats . . . (insider selling/insider buying ratio during October, 2010, ranged from 210/1 up to 2000/1) implies that they believe their companies’ stock shares are way over-valued and not a bargain purchase at all, is it possible that conditions a) and c) above don’t apply here and now? And, therefore, the corporations don’t have anything better to do with their money (condition b)?

That means that Bernanke’s stated purposes are presumably a genuine crock of B.S. Why does he wish to keep interest rates so abnormally low? We return to the never-never land of derivatives and too damn big to fail. The five banks** that Bernanke and Obama have been shoring up since January, 2009 are in deep, deep, deep doo-doo. We are NOT talking chump change here . . . nominally . . .

J.P. Morgan holds derivative exposure of $73 TRillion.

Bank of America holds derivative exposure of $47.5 TRillion

Citibank holds derivative exposure of $44 TRillion

Goldman Sachs holds derivative exposure of $41 TRillion

HSBC holds derivative exposure of $2.6 TRillion

Overall, of their total derivative exposure, $188 TRillion in interest- rate derivatives is held by these five banks. Bernanke is allowing them to profit for exposing themselves to those derivatives without any risk of failure because if they fail . . . America comes close to total implosion. The recklessness of these five banks especially the first four named is absolutely intolerable. The Federal Reserve Bank’s actions have aided and abetted the worst financial malfeasance in world history. Their interest rate derivative exposure is the equivalent of allowing a terrorist to buy a lottery ticket for the opportunity to destroy the entire banking system of the world . . . yeah, you’re probably not going to lose and you get to keep his buck, but, what happens if he rolls a natural?

Banks are NOT supposed to gamble with depositors’’ money! That $188 TRillion is 13.5 times the United States’ gross domestic product and 4.2 times the GDP of the entire world. Bernanke is not protecting you; not protecting the country; definitely not protecting the dollar; and not protecting the world economy. He is protecting profit and preventing ruin for the Goldman Sachs etc. of the world who are “too big to fail” . . . in doing so, he is making tens of billions of dollars for George Soros to collect when runaway inflation hits the country and the dollar stops being the world’s reserve currency.

Is “Judgment Day” tomorrow? The foolishness of our Federal Reserve Chairman, Ben Bernanke and the excesses of five “too big to fail banks” now places the entire future of America at risk. George Soros, who is guilty of helping the progressive wing of the Democratic Party bring about the financial meltdown, is now exploiting the foolishness of Bernanke and perhaps giving a little tweak here and there by selling dollars short on the currency exchanges . . . and the big loser: you and the American Dream.

Ya’all live long, strong and ornery,

Rajjpuut

**According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (our most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION. The five banks mentioned above account for 94% of those holdings.

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Rajjpuut's Folly: Bernanke's 'Quantitative Easing' Makes Dollar-Holders Very Uneasy

Posted by Bob VanDeHey on September 30, 2010 at 11:30pm

http://en.wikipedia.org/wiki/Quantitative_easing

Bernanke Makes Quantum Leap
Backward with “Quantitative Easing”
Most of us have heard “never use an elephant gun when a fly-swatter will do” or similar sayings reminding us to balance problem-solving responses with problem severity. Our dear friend Ben Bernanke, however, is currently brandishing nuclear weapons where most might consider a teaspoonful of radioactive-dye sufficient. Perhaps one day soon Federal Reserve Chief Ben will be explaining to us how the “operation was a success, too bad the patient died.”
The patient, as you know, is the United States economy. Dear Ben is so concerned about depressions lurking underneath his bedsprings that he multiplied the amount of circulating money in the country fifteen-fold between late 2008 and mid-2009. Thanks to Ben, technically speaking the present U.S. dollar bill is worth 6.7 cents of the 2008 dollar’s value. Nice job, Benny Boy!
Of course, tradition is what Ben has been counting on. The dollar has been the international storehouse of value for over three-score years now and people, even astute foreign investors and governments, don’t adapt as quickly as they might to the shifting reality known as hyper-inflation. The only problem is that someone in China someday soon might notice that fiscal-emperor Ben is running around buck naked and charge him with indecently dipping of super-skinny value. We’re talking about QE which is short for “Quantitative Easing” which under present conditions might be considered using a nine-pound sledge hammer against the mosquito in your friend’s ear. Ah, me.
The Fed Chief has a few problems in the economy to deal with: 1) jobs creation is worse than lackluster 2) homes are being foreclosed upon at a record rate well in excess of last year’s record rate 3) home prices are artificially high and threatening to plummet at the first wave of panic selling 4) the incredible size ($114 TRillion) of the UNfunded liabilites the government’s responsible for 5) severe recent increases in deficit and National Debt 6) the inflationary weight of all the money he printed just a few months back 7) a record setting run of bank failures and 8) most crucially, his normal tool for controlling the economy (interest rate variation) is largely denied him because he doesn’t want to discourage credit by raising rates and the present rates are so low that further lowering would be all but useless . . . so now he pulls quantative easing (QE) out of his quiver, Gentle Ben does . . . .
Just in case the term “quantitative easing” is unfamiliar to you . . . It’s sometimes known as “monetizing the debt.” You owe $95,000 to banks + a $325,000 mortgage debt, so Ben astutely gives you $420,000 monetizing your debt . . . sound fishy? It is. If you think of printing presses initiating a process of taking a perfectly useful product (paper) and making it valueless except for papering walls and use in outhouses . . . was that harsh . . . in any case, QE is the process of allowing banks to (effectively) print air-money just because, well because, they feel like it. This is pretty much the bank stupidity, now encouraged-earlier discouraged by the Federal Reserve, which exacerbated the meltdown we’ve suffered from over the last three plus years.
Think about it, since we’ve had a record series of bank failures due to forced mortgage-lending at less than 3% down** payments (usually 0%) mandated by federal law (CRA ’77 and three Bill Clinton legislative expansions + two Clinton regulatory expansions of CRA ’77 and the deliberate abetting of such stupid loans from ACORN seeking home loans for . . . .
1. The unemployed
2. Those with bad credit
3. Those with no rental history
4. Those whose only “income” is food stamps
5. Others on welfare
6. Illegal aliens
7. Those fitting all of the above categories
8. All given loans under duress by shakedowns from ACORN lawyer Barack Obama and others of his community organizing ilk . . . .
And since ACORN discovered shortly after Clinton’s ’98 steroid-version of CRA ’77 that it was almost as easy getting a dirt-poor person a loan for a $450,000 home as it previously had been for a home of $120-$150,000 . . . while banks were lumping all these loans together for profitable actions to intensify the meltdown that the sub-prime loan crisis itself was bringing our way . . . . and here Benny-Boy is setting us up again . . . . you get the picture, once again the fox in the henhouse is being given a cleaver and night-vision goggles. So, who exactly might be negatively impacted by QE? Anyone who holds or relies on the dollar. No, no, NOT just the Chinese, Americans too, especially Americans!
Once he’d already gone loco with the money printing presses, the process of “Quantative Easing” should be the last and least used of the armaments available to a Fed Chief. Big Ben, up to now has been imitating Japan during their lost (dozen) -economy years in the late 80’s and 90’s. Now thanks to employing QE to enlarge the bankers’ power, Ben may well have the ability to get America role-playing the Weimar Republic that brought Germany 100,000,000,000% inflation and made Adolf Hitler look like an inspiring political choice. God bless you, Ben, you’re a madman.
Ya’all live long, strong and ornery,
Rajjpuut

** such loans were reserved for the highest quality veterans’ credit in 1975 when they amounted to 1/404 of all home loans; by 2005 they amounted to 34/100 of all home loans


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